AS BaltCap signed binding offer to acquire FitekIN and ONEA from Unifiedpost Group SA for ?7.2 million on August 1, 2023. The transaction includes the Intellectual Property of FitekIN and ONEA, current customer contracts for the standalone products, part of the contracts and licenses related to FitekIN and ONEA, and a mutual reselling agreement between Unifiedpost?s Banqup business and FitekIN. As part of the transaction, Baltcap will assume responsibility for the 65 employees of the products teams for FitekIN and ONEA, with the transfer of personnel being conducted.
Combined, the products FitekIN and ONEA generated a revenue of ?3.7 million in 2022. The transaction is expected to be completed by Q4 2023, subject to the completion of all necessary demerger steps.